1Conduct research and cite at least three examples from academically credible so

Question

1Conduct research and cite at least three examples from academically credible sources to validate the legitimacy of the statements made above by McMurrian and Matulich and Jakobs. In your research you may find evidence that supports this view and also evidence that contradicts it. Presenting all of your research results can enhance the quality of the discussion. 2 Given the difference in cultural ethics world-wide and the research you are conducting, can your company’s ethical standards be applied universally? Why or why not? Please support your response with academically credible sources. You may provide examples to support your thoughts with companies identified in your research, or information from your current or past employer to aid in supporting your points and enhancing the quality of the overall learning for everyone. 3 Post the APA compliant results of your research to include at least one company that has successfully applied their ethics or values with profitable results and at least one company that has lost profit dollars when they have acted in non-compliance with their ethics. In GB590: Ethics in Business and Society, you analyzed many cases that dealt with leadership ethical decision making. You may want to revisit the good work you completed in GB590 to augment the research you are completing for this Discussion response. Reference Jakobs, R. (2014, April 21). Good business: Why placing ethics before profits pays off. Gulf Business. McMurrian, R. C., & Matulich, E. (2006). Building customer value and profitability with business ethics. Journal of Business & Economics Research, 4 (11), 11-18.

Explanation / Answer

1. According to the statements of McMurrian and Matulich and Jakobs, the corporate ethics plays a major role in the achievement of competitive advantage for the business and in earning long term profit and reputation for the organization. Being ethical the organization can gain the trust of the customers as well as its stake holders which can bring the organization a long term loyalty from its stake holders.

An organization Z which is one among the largest retail shop considers ethics as an important factor while performing its business activities. It focuses on providing good and quality products and services to its customers which enabled them to gain the customer trust and long term loyalty which lead to the achievement of the long term profit.

The electronics equipment manufacturing company H destroyed its newly produced washing machines as it identified that it has a crucial defect. This highlights its ethical constraints of providing quality products to the customers. This grabbed the attention of the public and earned a good reputation for the customers.

The health care organization GH has linked its health service to ethics which enabled them to provide better service to the patients. They could provide high quality and timely attention to the patients which improved their level of quality service.

Form the above discussions it is evident that the ethics in corporate organizations is directly related to the achievement of good reputation and profit as well.

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